ACTIVE

WES-Group

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-6,2 k €

-106.9% YoY

Gross margin

-3,1 k €

-102.1% YoY

Equity

135,1 k €

-4.4% YoY

What does WES-Group do?

WES-Group is a Private limited company incorporated in 2001. Its registered office is in Wingene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.263.178

Incorporation

13/07/2001

Legal form

Private limited company

Registered office

Zandbergstraat 50
8750 Wingene · FlandreSee on map

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-3,1 k €	-102%	149,7 k €	+136%	63,5 k €	-59.3%	156,1 k €	+236%	46,5 k €	-25.4%	62,4 k €	+21.7%	51,2 k €	-41.9%	88,1 k €	+21.9%	72,3 k €	-36.4%	113,6 k €	-38.6%	184,9 k €	+76.9%	104,6 k €	+7.4%	97,3 k €	-41.5%	166,3 k €	-22.5%	214,5 k €	-4.6%	224,9 k €	-7.2%	242,4 k €	-15.7%	287,5 k €	+11.8%	257,2 k €	+72.0%	149,5 k €
EBITDA	-4,7 k €	-103%	144,8 k €	+136%	61,4 k €	-60.0%	153,5 k €	+262%	42,4 k €	-29.7%	60,3 k €	+28.9%	46,8 k €	-46.1%	86,8 k €	+23.4%	70,3 k €	-37.0%	111,7 k €	-39.0%	182,9 k €	+78.5%	102,5 k €	+8.1%	94,8 k €	-0.5%	95,3 k €	+13.5%	84 k €	+86.3%	45,1 k €	-50.3%	90,7 k €	+71.5%	52,9 k €	-50.4%	106,5 k €	+178%	38,3 k €
Operating result	-13,4 k €	-109%	142,9 k €	+227%	43,7 k €	-64.4%	122,8 k €	+1438%	-9,2 k €	-140%	22,8 k €	+164%	8,6 k €	-81.0%	45,4 k €	+7.2%	42,3 k €	-50.1%	84,9 k €	-44.9%	154,2 k €	+108%	74 k €	+6.6%	69,4 k €	+28.4%	54,1 k €	+46.5%	36,9 k €	+720%	-6 k €	-112%	49,6 k €	+342%	11,2 k €	-85.2%	76 k €	+719%	9,3 k €
Net result	-6,2 k €	-107%	89,5 k €	+226%	27,5 k €	-70.3%	92,6 k €	+1049%	-9,8 k €	-149%	20,1 k €	+376%	4,2 k €	-85.9%	29,8 k €	+36.0%	21,9 k €	-52.7%	46,4 k €	-44.4%	83,3 k €	+97.2%	42,2 k €	+8.4%	39 k €	+29.2%	30,2 k €	-4.7%	31,7 k €	+331%	-13,7 k €	-149%	27,9 k €	+629%	3,8 k €	-92.4%	50,7 k €	+4792%	-1,1 k €
Balance sheet
Equity	135,1 k €	-4.4%	141,3 k €	+73.2%	81,6 k €	-15.4%	96,4 k €	-27.5%	133 k €	-46.3%	247,7 k €	+8.8%	227,7 k €	+1.9%	223,5 k €	+15.4%	193,7 k €	+12.8%	171,8 k €	+37.0%	125,4 k €	+100%	62,6 k €	+5.5%	59,4 k €	+191%	20,4 k €	+4.7%	19,5 k €	-48.2%	37,6 k €	-26.7%	51,3 k €	+120%	23,3 k €	+19.7%	19,5 k €	-28.2%	27,1 k €
Total assets	141,5 k €	-19.0%	174,6 k €	-5.9%	185,5 k €	-29.2%	262 k €	-17.6%	317,8 k €	+2.3%	310,6 k €	-8.3%	338,8 k €	-7.4%	366 k €	+15.6%	316,5 k €	-4.8%	332,6 k €	-21.0%	421,2 k €	+7.3%	392,4 k €	+7.2%	366,2 k €	+15.8%	316,3 k €	-12.6%	361,8 k €	-1.5%	367,3 k €	+8.1%	339,7 k €	+2.7%	330,8 k €	+109%	158,3 k €	+6.6%	148,5 k €
Cash	49,7 k €	+4.6%	47,6 k €	+20.7%	39,4 k €	-69.5%	129,1 k €	+49.2%	86,5 k €	-48.6%	168,4 k €	-6.7%	180,6 k €	+0.1%	180,5 k €	+23.3%	146,4 k €	+18.1%	124 k €	-27.1%	170 k €	+79.6%	94,7 k €	-9.0%	104 k €	+114%	48,7 k €	-22.9%	63,2 k €	-24.5%	83,7 k €	+103%	41,2 k €		–		80 k €	+339%	18,2 k €
Debts	6,4 k €	-80.9%	33,3 k €	-68.0%	103,9 k €	-37.3%	165,6 k €	-10.4%	184,8 k €	+194%	62,8 k €	-43.3%	110,9 k €	-22.2%	142,6 k €	+16.1%	122,8 k €	-23.6%	160,8 k €	-45.6%	295,8 k €	-10.3%	329,8 k €	+7.5%	306,8 k €	+3.7%	295,9 k €	-13.6%	342,4 k €	+3.9%	329,4 k €	+14.2%	288,5 k €	-6.2%	307,4 k €	+121%	138,8 k €	+14.4%	121,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP	+50.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

JOELLE VANHORENBEKE

Director

Active

LUC VAN HOORICK

Director

Active

Ended mandates

Joëlle Vanhorenbeke

Associate · since 01 mai 2008

Ended

Jozef Wouters

Associate · since 01 juillet 2007

Ended

Jozef Wouters

Associate · since 01 juillet 2001

Ended

Luc Van Hoorick

Manager · since 01 juillet 2001

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2026	27/06/2025	26/08/2024	24/08/2023	30/08/2022	11/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	17/06/2025	27/06/2025	Dutch	PDF
Micro model	31/12/2023	18/06/2024	26/08/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	24/08/2023	Dutch	PDF
Micro model	31/12/2021	21/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	11/08/2021	Dutch	PDF
Micro model	31/12/2019	16/06/2020	19/08/2020	Dutch	PDF
Micro model	31/12/2018	18/06/2019	04/07/2019	Dutch	PDF
Micro model	31/12/2017	19/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	28/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/07/2010	24/07/2010	Dutch	PDF
Abridged model	31/12/2008	28/08/2009	11/09/2009	Dutch	PDF
Abridged model	31/12/2007	29/08/2008	26/09/2008	Dutch	PDF
Abridged model	31/12/2006	30/07/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

JOELLE VANHORENBEKE

Director

Active

LUC VAN HOORICK

Director

Active

Ended mandates

Joëlle Vanhorenbeke

Associate · since 01 mai 2008

Ended

Jozef Wouters

Associate · since 01 juillet 2007

Ended

Jozef Wouters

Associate · since 01 juillet 2001

Ended

Luc Van Hoorick

Manager · since 01 juillet 2001

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office22/06/2026
Wijziging maatschappelijke zetel
PDF
Mandates25/03/2025
Ontslag bestuurder
PDF
Mandates09/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates19/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/07/2008
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other14/11/2005
DIVERSEN
PDF
Mandates06/09/2005
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-6,2 k €↓
2024
Annual accounts 202489,5 k €↑
2023
Annual accounts 202327,5 k €↓
2022
Annual accounts 202292,6 k €↑
2021
Annual accounts 2021-9,8 k €↓
2020
Annual accounts 202020,1 k €↑
2020
Name changeWES-GROUP
2019
Annual accounts 20194,2 k €↓
2018
Annual accounts 201829,8 k €↑
2017
Annual accounts 201721,9 k €↓
2016
Annual accounts 201646,4 k €↓
2015
Annual accounts 201583,3 k €↑
2014
Annual accounts 201442,2 k €↑
2013
Annual accounts 201339 k €↑
2012
Annual accounts 201230,2 k €↓
2011
Annual accounts 201131,7 k €↑
2010
Annual accounts 2010-13,7 k €↓
2009
Annual accounts 200927,9 k €↑
2008
Annual accounts 20083,8 k €↓
2007
Annual accounts 200750,7 k €↑
2006
Annual accounts 2006-1,1 k €
2006
Name changeWELDING, ENGINEERING & SURVEY
13/07/2001
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WES-Group

Overview

What does WES-Group do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline